So much corruption on our sharemarket blatant, I know of a director that sold millions of shares in his company , and 2 days later a release came out that drilling un successful. He knew the results of 2 of the 3 holes... then the share dropped 60% in value..
This director makes $8000 from a trade on info he heard at a luncheon, not known to the market and gets 9 months jail.
What the story high lights is that people DO KNOW info way before general market does,He made the mistake of buying in his name, and not getting a mate (Not by text etc) to buy.... how often do we see shares run up or get sold down before announcements . Yet its an even playing field ..
https://thewest.com.au/business/lunchtime-tip-on-queensland-copper-find-proves-costly-for-ceo-convicted-of-insider-trading-ng-b881101363z
